573 Nebraska, Long Beach, CA 90802
Local realty services provided by:Better Homes and Gardens Real Estate Reliance Partners
573 Nebraska,Long Beach, CA 90802
$1,395,000
- - Beds
- - Baths
- 4,800 sq. ft.
- Multi-family
- Active
Listed by:anthony walker
Office:buckingham investments, inc
MLS#:CRSB25232214
Source:CAMAXMLS
Price summary
- Price:$1,395,000
- Price per sq. ft.:$290.63
About this home
Huge 1960's construction 4 unit in 5 blocks to the beach with all townhome style units. Extra large owner's unit currently configured as 2 beds and 2 baths, but originally 3 beds with primary suites. Three other large two story 2 bedroom units, one with 1 bath, and two with 2 baths. 2 out of 4 units recently remodeled with vinyl floors, new kitchens, and bathrooms. Large lot with 5 garages spaces plus extra square footage in the rear. Very attractive metrics at $291/square foot, 12.3X GRM on actuals with a significant 16% upside to 10.5X GRM and a market cap rate of 5.8%. Ideal location in the heart of Alamitos Beach only 5 blocks to the sand. 3 blocks from Downtown Long Beach's East Village Arts District with numerous restaurants, retail, and entertainment options. Over $8 Billion in new development in the immediate vicinity. 63% of households within 5 miles are renters with an average household income of $98,000+ (per CoStar research).
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Home facts
- Year built:1967
- Listing ID #:CRSB25232214
- Added:1 day(s) ago
- Updated:October 04, 2025 at 01:56 AM
Rooms and interior
- Living area:4,800 sq. ft.
Structure and exterior
- Roof:Composition
- Year built:1967
- Building area:4,800 sq. ft.
- Lot area:0.17 Acres
Finances and disclosures
- Price:$1,395,000
- Price per sq. ft.:$290.63
Bay East 2025. CCAR 2025 bridgeMLS 2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at October 4, 2025New listings near 573 Nebraska
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